55 Smith StreetArarat VIC 3377
Property Details for 55 Smith St, Ararat
55 Smith St, Ararat is a 3 bedroom, 1 bathroom House and was built in 1960. The property has a land size of 702m2 and floor size of 85m2. While the property is not currently for sale or for rent, it was last sold in August 2021.
Last Listing description (October 2021)
Great opportunity to commence or expand your investment portfolioThis attractive, low maintenance 2 bedroom home on 701 sqm (approx.) presents a greatinvestment opportunity at an entry-level price. With a current lease in place until June 302022, at $823.33 per calendar month, you can purchase this investment with confidence considering Ararat's rental market is currently reporting a vacancy rate of just 1%.Located close to a school and walking distance to public transport, the home offers 2 goodsized bedrooms, lounge with gas heating and electric cooling, an updated kitchen with gas cooking, gas hot water, iron roof, concrete stumps, and a good size yard that would easily accommodate a workshop shed. With plenty of potential to increase the return on your investment, be quick, this one will not last long, contact the exclusive listing agent David Jennings on 0417 371 872 today!A copy of the Due Diligence checklist can be found at https://www.consumer.vic.gov.au/duediligencechecklist
Property History for 55 Smith St, Ararat, VIC 3377
- 19 Aug 2021Sold for $178,000
- 05 Aug 2021Listed for Sale $175,000 - $185,000
- 15 Apr 2021Sold for $150,000
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0About Ararat 3377
The size of Ararat is approximately 161.2 square kilometres. It has 25 parks covering nearly 14.9% of total area. The population of Ararat in 2011 was 8,076 people. By 2016 the population was 8,298 showing a population growth of 2.7% in the area during that time. The predominant age group in Ararat is 50-59 years. Households in Ararat are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Ararat work in a labourer occupation. In 2011, 70.9% of the homes in Ararat were owner-occupied compared with 68.1% in 2016.
Ararat has 4,716 properties. Over the last 5 years, Houses in Ararat have seen a 73.38% increase in median value, while Units have seen a 65.45% increase. As at 31 October 2024:
- The median value for Houses in Ararat is $341,066 while the median value for Units is $319,415.
- Houses have a median rent of $380 while Units have a median rent of $340.
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